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Stocks rallied on Thursday, led by strong gains in tech and energy shares, as Wall Street cheered the possibility that the Federal Reserve will cut interest rates next month.
The S&P 500 surged 1% to post a record close. The broad index also hit an intraday record of 2,956.20. The Dow Jones Industrial Average closed 249 points higher. The Nasdaq Composite gained 0.8%.
The article ges on to state the following:
Thursday’s gains cut most of the steep losses recorded by the major indexes in May. The S&P 500 and Dow both fell more than 6% while the Nasdaq lost 7.9% last month. The three indexes were up more than 7% for June.
BREAKING: The S&P 500 closed at a new record, soaring up to 2,954.19 points. The Dow traded higher as well, surging nearly 250 at the close. https://t.co/cgIDf6TvN7 pic.twitter.com/nEWIU0211X
— CNBC (@CNBC) June 20, 2019
S&P 500 rises 1% to close at first all-time high since April. For our live coverage, check out: https://t.co/z9foH5FArt
— Bloomberg (@business) June 20, 2019
BREAKING: The S&P 500 index closes at a record high, erasing its losses from May.
— The Associated Press (@AP) June 20, 2019
S&P 500 closes at new record high https://t.co/f3QuMht7Dg
— CNBC Now (@CNBCnow) June 20, 2019
Rate-cut euphoria elevates S&P 500 to record high https://t.co/3WxdKFOHAU pic.twitter.com/fmBASpTNDu
— Reuters Top News (@Reuters) June 20, 2019
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